Additional Coverage:
- Retirees Are Leaving These 5 Cities in Droves (And Going to These 5 Spots Instead) (financebuzz.com)
The Great Retirement Migration: Where Are Americans Heading (and Fleeing) in Their Golden Years?
As a wave of over 4 million Americans per year prepare to turn 65 through 2027, the question of where to spend those well-deserved retirement years is taking center stage. For many, it’s a strategic decision, balancing the allure of grandchildren, the desire for milder climates, and the all-important goal of making those retirement savings stretch further.
So, where are our seasoned citizens packing up their lives, and which sunny (or tax-friendly) locales are rolling out the welcome mat? Let’s dive into the ebb and flow of the retirement exodus and influx.
Packing Up and Moving On: Cities Retirees Are Leaving Behind
Big city lights and high price tags seem to be the common themes driving retirees away from these bustling metropolises.
New York City
While a beacon of culture and commerce, the Big Apple’s notoriously high cost of living is proving a bitter pill for retirees on a fixed income. Many are finding that their hard-earned nest egg simply doesn’t go as far in the city that never sleeps.
Los Angeles, California
The glitz and glamour of Los Angeles are losing their shine for many retirees. Housing costs here soar 127% above the national average, and the overall cost of living is a hefty 52% higher. Add in California’s tax structure, and it’s easy to see why the Golden State is experiencing a silver-haired exodus.
Chicago, Illinois
The Windy City isn’t just known for its breezes; it’s also blowing many retirees out of town. Illinois ranks as one of the top states for out-migration, with Chicago’s cost of living and its famously frigid winters likely contributing factors. Warmer climes are calling!
Seattle, Washington
Home to tech giants and stunning natural beauty, Seattle’s booming economy has a downside for retirees: soaring prices. With a median home sale price reaching $785,000 in December 2025, it’s no wonder that nearly 8,000 more baby boomers moved out of Washington than into the state last year.
Jersey City, New Jersey
Just across the Hudson from New York City, Jersey City shares a similar story of high living costs. With housing expenses 83% above the national average and an overall cost of living 27% higher, New Jersey is seeing its fair share of retirees seeking more affordable pastures.
Rolling Out the Welcome Mat: Cities Embracing Retirees
Now, let’s explore where these migrating retirees are finding their new homes, often drawn by affordability, favorable tax laws, and a bit of sunshine.
Mesa, Arizona
Arizona has firmly established itself as a retirement haven. Mesa, just east of Phoenix, welcomed 4,499 new residents last year. Its slightly lower sales tax compared to its larger neighbor is likely a sweet deal for budget-conscious retirees.
Henderson, Nevada
With zero state income tax, Nevada is a major draw for retirees looking to keep more of their money. Henderson, nestled in the Las Vegas metropolitan area, offers the appealing combination of tax benefits and easy access to entertainment, dining, and, of course, casinos.
San Antonio, Texas
Another state boasting no state income tax, Texas is earning its “gold star” as a retirement destination. San Antonio stands out for its affordability, with a median home sale price of $264,945 in December – significantly more budget-friendly than Austin ($520,000) or Dallas ($429,950).
Boise, Idaho
For West Coast retirees seeking to stay in the West but escape exorbitant prices, Boise offers an attractive alternative. Idaho’s capital city, with its scenic Boise River Greenbelt, was recognized as one of the top 10 states for inbound movers in 2025.
Jacksonville, Florida
In the northeastern corner of the Sunshine State, Jacksonville offers a vibrant metropolitan experience with an NFL team and thriving businesses, alongside the warm weather and beaches that are a perennial draw for retirees. Crucially, its median home sale price of $304,990 in December makes it a more affordable Florida option than some of its pricier counterparts.
The Bottom Line: Planning for a Golden Future
Retirement planning is more than just saving; it’s about strategically envisioning your future lifestyle. As you approach the end of your full-time working career, creating a detailed budget that accounts for not just housing but also travel, hobbies, and leisure activities is crucial. A well-invested and diligently saved nest egg will pave the way for a truly stress-free and enjoyable retirement.